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. there is it public assets in every country but here at home. la guardia. terrible airport owned by the government. new mexico and new zealand. airports are tradod the stock exchange and helps the government and services as well. >> carroll. i tell you, i use the roads in the country and i go skidding on twos to school and i am part of the reason there is it pot holes it makes sense to charge me more. >> i think that is a linier solution to a complex problem. if you have a suv . i am with johnathon. why can't they add value instead of taxing us. i am in illinois if you add a chicago bears and hello kitty on those license plates. people pay up for that . offer us something that why would be willing to buy and give them extra revenue . maybe i am spending to much time with the pren pren. >> i think we need to. i spepped a lot of time, too. it is it incredible. >> and there is no other promosal that is serious . you have to admit one thing. somebody has to pay for just wait . julian's point. if you go anywhere else in the world. the fuel tax is three dollars a gallon. maybe we should raise it. >> of
that of nuclear energy. ronald reagan was right. thest thing to immortality is a government program. politicians are labeled with hot wind and we label the section gone with the wind. >> we have sending sib sidies in '92, has it been worth it. >> we are early inlet process. we have subsidized oil and coal and gas. we have done them from darn near a century. these don't look so bad. like it or not, the majority of americans believe that global warming is an issue. we need to develop clear energy sources. fossil fuels may be a difficult problem. we are subsidizing thingings. it is cheaper to produce energy from natural gas. it is a subsidies. other than it is natural gas there. it is 63 cents compared to $53. that is not a pay off to me. >> i will have to disagree with rick. last time wind energy had any impact was in the century. we have moved in oil and natural gas. but let's get rid of subsidies and let them sink or swim. wind energy will sink and we'll be better off. it is behathe sector we'll pour billions into it >> the wind farms are kind of methadone clinic. we'll reenact the two percent .
. >> entrepreneurs do what only governments did before. >> maybe cities will be built on water flow from big government. >> this is outside the united states jurisdiction. >> life gets better because ideas have sex. >> wait, ideas have sex? >> yes. >> ideas spread. when they meet they can mate. >> because of that we live in a wonderful world. that is our show tonight. >> now, john stossel. ♪ i think to myself ♪ what wonderful world >> what a wonderful world? what are they talking about? all we hear from the media is doom, unemployment, pollution, social conflict, all the things exist but couldn't once in a while someone put it in perspective? this man did that. i usually don't like to put on swedish public health professionals or danish public health professionals they put you to sleep but this gentleman has caught the world's attention because he gave a tech talk, technology entertainment design, many are boring but his talk has been viewed 100,000 times. here is part of it. >> i was only four years old when i saw my motherlode the washing machine for the very first time in her life. ev
, it's means tested and some people aren't going to get it, but ultimately, this government has a ferocious appetite for spending and all of these cuts that we're talking about, even though they will hurt everyone, they're just a drop in the bucket for where we're going. >> i just laughed, ben, as soon as you saw mortgage deduction, i was ready to go-- >> houses and a problem-- >> how much did you say. >> don't you have nine houses? >> more than that. more than that. >> don't admit that, ben. >> the ideas clobbering the housing market on its knees after it's been on its back four or five years, that's crazy, craziness. >> more on the housing market coming up. i don't want to stick to that, but that-- again, we don't want ben to faint in the middle of the segment, but, sarah, this just raises the issue, and it's something that i said to todd. there are so many tax increases built in that people don't know about this coming year and there are more to come. there's only so much that an economy and the job creators, i'm talking wealthy americans can bear and i do not believe for a m
what the government is ntelling you. that's at the bottom of the hour, first, angry passengers stranded in airports cursing the weather. but should they be cursing government regulations instead? >> from america's news headquarters, i'm heather childers. it's down to the wire for a fiscal cliff deal. senate leaders from both sides of the aisle vowing to scramble days before a new year's deadline to reach a plan or watch the economy go off a cliff. president obama says he's optimistic that they'll come to an agreement that will avoid across the board tax hikes and deep spending cuts. and here we go again, more snow headed to the the northeast, where a major winter storm already dumped several inches on inland areas. snarling roads, canceling hundreds of holiday flights. two powerful systems expect today come up the east coast by today, from south carolina to new york already issues severe weather warnings. i'm heather childers, now back to bulls and bears and for your latest weather headlines, log on to foxnews.com. you're watching the most powerful name in news. >> canceled, that's wha
to social entrepreneurs. we focus on organizations working outside of government because we feel societe has more flexibility ban government contractors. charities used to be independent but now are contractors to the government. that is all you need the social impact bond to hold them accountable. john: i would rather use the money than government but government is captured. >> ben taxpayers want to know they get something for it to. recently these agencies have a good cause. that is different of kids not going back to jail. john: mark zuckerberg maybe feeling guilty gave $100 million to the new work public-school system. i see that it throws a down the drain giving it to the union's who ruined it in the first place. >> don't fund the problem. find the solution. that means if you see something terrible of the world, poverty you have to say our not just give money to anti-poverty but give money to organization and has a way to tackle the issue. john: how do know it will work? goldman sachs puts up their own money. john: you will give them yoga and meditation therapy? it sounds like nonsense.
less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of the webster new york neighborhood set ablaze christmas eve have been allowed to return back to their homes. they say exconflict william spangler set the fire as a trap to lure firefighters to their death before turning the gun on himself. four were struck with bull lels, two survived and are in stable condition. >>> somber christmas day in newtown, connecticut. volunteers took three-hour shift to ensure 26 candles stayed lit at candle light vigil. it was filled with snow covered teddy bears, flowers and toys. two tv news hosts have a little explaining to do on the topic of gun control. that's later in the grapevine. up next, is the federal government shirking duty when it comes to public input about
we are going to have to get eight bigger truck. that's what the government is trying to do. borrow the way out of debt. it is impossible . it never worked in the history of the world . dr. art's curve works every single time. >> we are up against the end of the show. we have kelly wright and healther childers. play us out in the new year or satted afternoon with your song all of the gold in california . thank you for watching and here is it larry gatlin. >> never was appropriate. ♪ all the gold in california. ♪ is in a bank in the middle of beverly hills in somebody else's name. >> a fox news alert. senate leaders now holding crucial fiscal cliff talks on capitol hill rushing to come up with a last ditch agreement to avoid deep spending cuts and year end tax hikes affecting the lives of every american, i'm kelly wright. >> i'm heather childers in for jamie colby. the 11th he hour scramble after a crucial meeting on friday, between president obama and the leaders of the house and senate and urged lawmakers to urge them to do whatever it takes to cut a deal. >> i'm modestly opti
that is so bloated? why is that so radical? >> they are trying to secede from the u.s. government. >> get out of here. don't be so intellectually dishonest. get out of here. >> okay. >> i always have this test. if you are staying in a hotel and you have to share a bathroom with somebody who would you rather a tea party supporter or occupy wall streeter? >> i would need a raid pretension tent. >> bill will be back on january 2 for the start of the factor new season. please remember the spin stops here because we're looking out captioned by closed capt services, inc. >> sean: and this is a fox news alert. earlier today in a pathetic last minute effort to avoid the nation falling off the fiscal cliff president arnold palmer took a mini break from the golf schedule to summon congressional leaders to the white house. a last minute mini deal could be struck before the end of the year that would preserve tax cuts for the middle class and preserve unemployment benefits. the president raced to the microphones and said the following after this meeting. watch. >> i just had a good and constr
don't want toyite yait a government? why is that so radical? >> they're coming up with crazy ideas every day. >> please, get out of here. get out of here. >> yes. okay. >> i have this test if you're like staying in a hotel and have to share a bathroom who would it be? a tea party supporter or occupy wall streeter? >> i would say tea party. >> if i had occupy, boy need a rape prevention kit. there are tons of raid cals and idiots as i call them. >> thanks for watching tonight. i'm greg gut feld. bill will be back for the start of the factor's new season january 2. please remember, the spin stops here because we're looking out for you. captioned by closed capt services, inc. >> sean: and this is a fox news alert. earlier today in a pathetic last minute effort to avoid the nation falling off the fiscal cliff president arnold palmer took a mini break from the golf schedule to summon congressional leaders to the white house. a last minute mini deal could be struck before the end of the year that would preserve tax cuts for the middle class and preserve unemployment benefits. the preside
of government. frankly nothing but a pathetic disgrace. you the american people deserve a government that lives within its means. you deserve a government that is not obsessed with using your money to accumulate their power. it is time for americans to understand the simple truth of what is going on here. a truth by the way that an abusively biased news media just ignores. joining us now with reaction as america is on the brink republican senators pat toomey and ron johnson. senators, welcome back. >> hi, sean. >> hi, sean. >> sean: let's start with the meeting today. senator toomey, i'm told that the president wassed adamant n the meeting and didn't come off, are the original request was to keep tax rates at the same for the middle class but everybody above $250,000 going up. is that what you heard? >> i haven't heard about specific elements of the conversation, sean, i wasn't in the room. what i do understand from people who were there is that is sounds for the first time like the president is actually engaged and actually would prefer that we not go over the cliff. clear previously.en leer
to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of the webster new york neighborhood set ablaze christmas eve have been allowed to return back to their homes. they say exconflict william spangler set the fire as a trap to lure firefighters to their death before turning the gun on himself. four were struck with bull lels, two survived and are in stable condition. >>> somber christmas day in newtown, connecticut. volunteers took three-hour shift to ensure 26 candles stayed lit at candle light vigil. it was filled with snow covered teddy bears, flowers and toys. two tv news hosts have a little explaining to do on the topic of gun control. that's later in the grapevine. up next, is the federal government shirking duty when it comes to public
for the foreign service officers even when they leave the particular position. they still held a government job. >> secretary of state hillary clinton still hasn't testified before congress about the benghazi attacks, because she suffered concussion after being ill. but they want her testimony before they hold any hearings to confirm her successor. >> before i want a new secretary of state, i would like for the secretary to come and testify about the culture. that is helpful to come in and understand what the thinking was at that time. >> john kerry in line for the next secretary of state says clinton will appear before the foreign relations committee in january. >> peter doocy, thank you. >> lisa jackson is stepping down after four years on the job. the tenure marked by the high-profile brawls over air pollution, keystone x.l. pipeline. and new controls on coal fired plants. they claim a recent decision by justice department to release thousands of the e-mails next month may have contributed to the resignatio resignation. leland vittert is following all the action. >> russia foreign minister w
of people who believe in limited government and a government that represents we, the people, and not we, the elites. and i really think that it's archaic and dinosaur-like of folks like sam donaldson who have long been out of power. i mean we broke the liberal media monopoly years ago, and this is really their death row call, not ours. thanks, sam. >> good to see you. thank you for being with us. happy new year. >> you bet. >> that's all the time we have left for the special fiscal cliff edition of hannity. thanks for being with us. let not your heart be troubled because the news continues and greta is standing by to go live on the record. greta, take it away. >> this news alert. an emergency meeting tomorrow at the white house. president barack obama, speaker of the house john boehner, house minority leader nancy pelosi, harry reid and mitch mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the
the government to cut back spending in other areas in exchange for relief money. the new york and the new jersey governors ask for bigger aid packages. >>> the powerful winter storm swept through half of the country and left many in dark. arkansas, 15-inchs of snow caused widespread daniel to power lines and cutting electricity to 200,000 customers. chicago has already reached 500 homicides before the end of this year. the highest level in four years. windy city is desperate to lower its murder rate. correspondent mike tobin looks at one initiative to supporters hope will do just that. [ siren ] >> guy in the middle of the street. looks shot. >> gangland shooting part of every evening in chicago, the gun control debate is ongoing. solution passed by the cook county board of collisioners another tax. $25 on every handgun sold. this gun store owner says it's tax against the legal gun owners. >> the new tax is sold with the idea it would offset public cost of medical care for shooting victims. aconfidencing to the board president own numbers that cost is shy of $35 million. estimated revenue is $60
the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >>> as folks dig out, the flight delays delays rack up. nearly 1300 flights canceled so far. mike tobin is at chicago's o'hare with the latest. >> when you talk about the flight cancellations, the hubs of o'hare, atlanta, did not get hit so the megaripple didn't happen. the places that you see the cancel legislations are the destination. ohio, michigan, indiana, stretching all the way to the eastern seaboard. if that city is socked in, there's where the flights are canceled. it's a serious storm. you might have mentioned six people were killed, mostly people who elected to get out on the roadways. these are states like iowa, indiana, central illinois, where more than a foot of snow came on down. all of those people who made it to destinations for christmas are trying to get home. between them and home is snow, ice, and gusts up to
between 40 and $65,000 a year will have to pay an extra two grand to the government. gregg: coming up we'll talk with republican nick mulvaney whose house budget committee is obviously on the forefront of the fiscal talk. so we'll try to get the latest from him in just a moment. patti ann: meanwhile, gregg, we have new warnings from the treasury department that if a fiscal deal isn't reached our government will have to turn to extraordinary measures when the debt limit hits its ceiling. $16.4 trillion probably on monday. fox business network's stuart varney joins us now. hi, stu. you say this is the big story people aren't talking about? >> it is a sleeper issue, patti ann. on monday the government officially runs out of money and it can not borrow anymore. so it will have to shift all kind of cash around to make sure they can pay their bills and maybe they can do that for a couple of months. means you can kick the can, eight weeks be maybe, until the absolute crunch comes. there are consequences to this. it could be that america will be downgraded again. after all back in august of 2011
at this moment is not in effect. the french government and francois hollande says, it won't make any difference. we'll rewrite the law using new wording and we'll catch more people in the 75% tax rate net. heather: stuart varney, i know you have a lot of work to do today. it is a busy day financially. thank you. >> thank you. gregg: what will it mean if lawmakers fail to strike a deal? according to the tax policy center 90% of the americans would see a tax hike in 2013. 121 million people will be paying a whole lot more in payroll taxs. those are social security payroll taxs. families making between 40 and $65,000 a year will have to pay an extra two grand to the u.s. government. the more you make, boy, that number really accelerates. heather? heather: another devastating blow in the fiscal cliff crisis, this mess, will be to the military. $500 billion slashed from the pentagon budget that is raising serious concerns about our national security. chairman of the house armed services committee, california congressman, bruce mckeown will weigh in on the impact these cuts will v that is live in our
sued. then he turned around and found it constitutional under the government's taxing power even though the plain language of the law said it wasn't a tax. justice roberts was clearly looking for any rational to uphold the law. he probably believes he was protecting the reputation of the court but in the process he made the court look more political and he hurt his own reputation and ultimately the courts, too. remember if you have own hit or miss, please send it to us at foxnews.com and follow us on twitter at jer at f&c. thanks for watching. happy new year. we hope tosue right here next week. >> jon: on the panel. fox news contributor, judy miller, rich grenell that served for four ambassadors and jim pinkerton and fox news political analyst. juan williams. i'm jon scott. fox news watch is on right now. >> we can now definitively say that president barack obama will be re-elected, mitt romney will come up a loser in this race. >> jon: the billing media story of the year, the presidential election. that was how it ended. barack obama beating mitt romney and an end to a bitter se
worry about the growth of government and so we have to use these leverage points to try to do those things that naturally leaders should do themselves but that is where we are at a nation and that is what we have to do over the next several months to ensure that we don't continue down this path of insolvency that we are on right now. >> greta: you mentioned other countries in the world. do you not wonder what they think about us. in we can't even manage our own economy and our own finances and meanwhile trying to assert diplomatic authority around the world when we can't even take care of our own problems. sort of wonder even the impact that has that we look so poor in how we are handling this? >> there is no question that our moral authority around the world that's been greatly weakened for numbers of reasons but certainly this issue, i mean people are watching, i was talking to somebody today in europe and they were saying the only thing that is on the news there is whether the american politicians if you will are going to deal with this issue that is before us. so no doubt we are
this is coming up. the government will continue to function for a couple more months. emergency measures will be used to keep the money flowing, so to speak. this is unrelated to the fiscal cliff, so it's an additional problem that everybody has to deal with. of course the worst thing is we know how horrible it was the last time the debt ceiling needed to be raised in the summer of 2011, it went down to the wire and it looked as if there was a chance the united states would not raise the borrowing limit and default. we heard talk about social security payments not going out and that kind of thing. that's all led to the first downgrade in the u.s. credit rating, the stock market tanked. that was a ugly scenario. on top of the fiscal cliff, we may go through this all over again. it's another drag on the markets and on the whole economy at exactly the wrong time. >> when you say drag, though, give us an example of what you mean. we talked about january 2nd, everybody goes back to work and markets open. are we going to see a lot of volatility. all of a sudden it crashes down at once. what ha
with the libyan government to make sure we bring these folks to justice one way or the other. >> jon: that was president obama the day after the deadly a attacks on our consulate, benghazi attacks conducted by terrorists. four americans americans including our ambassador were killed. the controversy failed protection and controversy about how they spun details leading up to the attack, ignored by the media to this day. why? >> i have to say that the news watch team just nailed it. that clip to me should have been the entire narrative of the romney campaign. president said it's too early to know if this is a terrorist attack. he didn't know or didn't want to admit this was a terrorist attack. weeks later in the leadup before the election, he then changes and tries to say, it was a terrorist attack and we called it from that moment. it was 9/11, he didn't call it a terror attack and he didn't pay the price in the wreed for that. >> why are the media not terribly interested in the result of that day? >> because it was portrayed as a republican attack on the president at that time we sho
communications are looked at by the government. people want amendments. unfortunately congress once again is acting at the last minute trying to renew something about to expire and there is probably not the time to do revisions that are necessary. that's a problem here. harris: because critics want this to be revised as you just put it. the white house doesn't. it wants it to pass the way it is. a lot of people are in favor of it because it is helping to keep us safe since there is homegrown terror in the united states and we need to find it. i want to if which have the words put it up on the screen. kentucky senator rand paul had this to say on the senate floor yesterday. and what he was basically saying is that this interferes and disputes the power of the fourth amendment. and that it needs to be changed. again, dan, you say we may not see any changes to it because the deadline is tuesday? >> it is really important to note that even the supporters of renewing acknowledge there needs to be reform. there needs to be more oversight. we need to know more how the fisa court works. we want m
government help, and you can kiss my -- well you get the picture here what ray was saying. it is pretty evident that that uh febded a lot of -- that offended a lot of people as they were up at night trying to get their businesses off the ground. >>> netanyahu knows what the intentions are, and he had a warning when he spoke at the united nations. >> where should a red line be drawn? a red line should be drawn right here. before iran completes the second stage of nuclear enrichment necessary to make a bomb. >> the united nations the liberty and good sense paid such attention to the prime minister that in just a few months thisy rewarded observer status to the palestinians in direct violation of the oslo accords and with no sense of purpose in light of the fact that there had just been a barrage of missiles and rockets fired from hamas in gaza to which the palestinians applauded. go figure. but i will say this, prime minister netanyahu may be the churchill of our day. mitt romney picked up a good fight as the republican challenger to the president, but he ultimately lost the race. many at
. people resign from their positions, but they don't necessarily resign their employment in the government. for the head of diplomatic security, although he's a presidential appoint tee, my understanding is he's also part of the foreign service. so he has left that particular job, but he's still a member of the foreign service. and i think a similar situation applies to the other three people. that's something that, you know, if it were a political appoint tee as the assistant secretary, once you resign, you are gone, that's it. and that was the impression that they left when these announcements were made last week but that's obviously not what has happened. >> that's what people want to know. so they have accepted eric's decision to resign but nevertheless people are still on the payroll. there's the accountability? and it's a coverup of resignations. they don't seem to have any import behind them. the fact of the matter is it's just for show. more political coverup to say we are doing something, heads are going to roll, maybe not the heads that matter and it's -- >> it's a lot of blue sm
that. he won fair and square. but isn't it now time to govern? >>reporter: the white house response is the president has been trying to govern and he spent hours and hours with speaker boehner trying to work on the so-called grand bargain, and the $4 trillion debt deal and the question on the spending cuts that would have not only tax increases but spending cuts, changes to medicare and medicaid, and potentially social security as well, and the white house says the republicans on the hill complaining of this, now, but the president was willing to do a deal like that and it was republicans like speaker boehner who walked away. >> thank you, ed. the first senate vote is expected in a couple of hours, but if it gets through the senate, we really don't know if this has any chance as passing in the house of representatives and, chad, over to you. how will the evening play out? >> well, i want do be very clear there is no plan at this point for a vote in the senate. they want to bring all their members together at some point and talk about this but they have to get over the issue of the s
money it just shuts the government down . risks the full faith and credit of the united states it is it about recognizing the debts that we incur and shouldn't be part of a extorsionist process. >> congressman you want the last word. >> the debt limit is part of our lecherage and not extortion. but making sure we live in our means and address the problem of spending. >> thank you for joining us today. we appreciate your sight. >> happy new year. >> and the united nations's envoy to syria warns that the civil war could meanos for the entire region. >> they met in moscow today and the talks don't seem to have prused much progress. >> they are concerned about the number. i recaller this week. bashar assad . the only hope for a solution is through the political talks. he and the russian foreign prime minister is ruling in syria untillet election takes place. secretary of state hillary clinton is expected to be back in the office next week. and she fainted and hit her head after being dehidrated from a stomach virus . what some are calling the benghazi shuffle . they are thought to
the syrian government from attacks its own men, women and children. and human rights group reporting the regime shelled a bakery and a rebel held town killing 20 people, including at least 8 children. we cannot independently confirm this, of course. meanwhile, russian officials say they are set to meet with the united nations special envoy to syria this weekend. russia has repeatedly blocked the united nations from taking action against the syrian government but has recently taken steps to distance itself from the syrian regime. egypt's president mohammed morsi portion of voters opposed the enough constitution. he is calling for dialogue now to address the divisions that has polarized the nation and led to mass protests. still he had nothing concrete to offer his opponents. new document passed in a referendum with nearly 64% of the vote. critics say it restricts freedom and expands the influence of islamic law. president morsi and supporters says moderate democratic state in fighting depression, dictatorship, nepotism and corruption. the holiday shopping season is drawing to a close
the mexican government using our court system to fight arizona's sb1070 immigration law. it wants a u.s. circuit court of appeals to block part the of the law that makes it illegal to protect illegal immigrants. mexicans say it's anti-immigration and antimexico. jamie weinstein says it's anti-illegal immigration. you listen to this and -- break it down. so mexico wants the arizona courts to say it's illegal to ban harboring illegal mexicans. do i have that right? >> actually, the -- in arizona court, a lower court put this law on hold. it's before the u.s. court much appeals in san francisco where the mexican government filed an amicus brief saying the law, it's illegal to harbor illegal immigrants but only if you're committing a crime or in the process of committing a crime in addition to that. that's the only people in violation. if you're already committing a crime or having committed a crime and harboring illegal immigrants. the brief says the law, one, harms diplomatic relation with g united states and prevents the mexican government from negotiating with the united states becaus
, right? he is the president of the united states. >> he is. but there are three branches of government. >> laura: accountability for that as well: that's for sure and the democrats didn't get around to actually passing a budget so we need to move on to that that guy, we are going to have the republicans have only so much leverage. in effect they don't have a lot of power here, do they? not really i think we learned that speaker boehner own party we can go back as you said to the debt ceiling debate. the only reason we have cliffs and crises because democrats, particularly in the senate have completely abandoned the legally mandated budgeting process. we have not had a budget in this country for three years. that's why we keep having all these high stakes crises where we are really worried about some deadline that's looming. if we just passed budgets the way we were supposed to and the way the flaw necessitates we wouldn't be having any of these problems, but we have had them year after year. the american people are so weary of this, laura. >> i love the fact, that the "new york times"
, the government dealing with the serious questions, not the immediately pressing questions? >> how do we deal with it? $16 trillion debt, projected to go up to $20 trillion over the next 2 years, if you are washington can't deal with that. how do you solve that? can it be solved? what do we face if we get past the fiscal cliff in the next two days? have you that $16 trillion staring us in the face? >> eric, let's look for a silver lining in this fiscal cliff discussion. i think what we are hearing from the american public, loud and clear is that they don't want to pay any more taxes. they don't want to pay for the government they are getting that. leaves two choices. number 1, we continue to borrow money or reduce spending. we won't have the option to borrow forever. so we have to reduce spending. if the american people will get as fired up about reducing spending, we might have a chance to fix that. clearly, that message hasn't gotten through to the white house and to the senate. it is heard loud and clear in the house, but we control just the house. >> eric: how do you get that message acro
,000 a year would pay an extra two grand or so to the government. gregg: the big question, do lawmakers hope to get anything out of the last minute fiscal cliff talks or is it just for show? democratic congressman chris van hollen is the ranking member of the house budget committee. he will be joining us live coming up in the next hour what he really thinks is going on. patti ann: well the u.s. economy meanwhile could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. >> the port of baltimore is one of maryland's largest economic generators. any type of work action that may result in a suspension or stoppage of work would have an adverse effect. >> we handle more cars, we handle more farm and construction equipment than any other u.s. port. patti ann: we're learning that adverse effect could take a toll on the economy. fox business network's stuart varney has more for us on that this morning. good morning, stu. >> good morning, patti ann.
. you know just despite the court is saying the government has not backed down and was within the last few hours and saying the law will be tree ree drafted to con forp with the court's ruling. nevertheless, there is spill widespread support for this tax. they are planning to speak in belgium and wealthy entrepreneurs have moved to countries in the region that have lower taxes. today's decision could delay those departures for the time being. >> gregg: katherine, live in paris, thanks very much. >> the president may want to check out the laffer curve before he rewrites that law. when people flee or stop working that is the laffer curve. >> arthel: your french reporter was there, how about this, you got plans for new year's eve. >> gregg: that is impressive. >> it starts at 11:00 p.m. eastern and megyn kelly and bill hemmer will bring you the event live in times square and new york city. you can be a part of the broadcast by texting your happy new year's messages to the show. here how you do it. you type the the u text, got it. type a space and ascend brief message. utext space and your
reduction in government spending? we still have the looming 16 trillion plus budget deficit. remember that? and the politicians they are taking their time on that as well. we will ask house budget committee member south carolina republican congressman when joins us live later this hour. he is worried that the talks have not addressed spending. so we have to address that. >> breaking news now in the benghazi terror attacks in libya. president obama this morning told "meet the press" the u.s. now has some "very good leads" about who carried out the deadly strike. >> there was sloppiness, not intentional in terms of how we secure embassies in areas where you essentially don't have governments that have a lot of capacity to protect the embassies. so we are are doing a thorough review. not only will we implement all of the recommendations that were made but we will try to do more than that. with respect to who carried it out, that is an ongoing investigation. the fbi has sent individuals to libya repeatedly. we have some very good leads, but this is not something that i'm going to be at liberty
homeowners foreclosed on from 09 to 10 government sent out a letter to them a year ago 4 million. they have until monday to sign up for a free review of the foreclosure make sure there's no mistake see if they are going to be compensated for any errors. 100 bucks maybe 100,000. free massive government settlement between the feds and 14 learneds for improper dmroesh our. the money deadline was closed three times now. 356,000 homeowners excitemented for the review. maybe if you realize i got foreclosed on. >> let's make a deal especially if you want to buy a car. >> dealerships have way too many cars on their lots. discounts take in several forms. you can get cash back. 6,000 cash. 0 percent financing. some cases you can save 9,000 on a gm truck. they have way too many of those. it is the best year in five years. 14 and a half million vehicle sold. that is up 13 percent or so from the year before. soy far it means more discounts. >> good news for the auto industry but not movie industry. >> years ago the video guys never worried about master music piracy you can't download a movie series. gam
the road. no sham toast for the treasury department. that is the day the u.s. government is estimated to hit $16.4 trilli $16.4 trillion borrowing limit. in a letter to congress timothy geithner says he will take several accounting measures to start the new year that. will keep the gvtmeovernment from reaching the limit until a fiscal deal is reached and the economy can save off the debt. >> let's talk about toyota? >> owners of 60 million lexus and cars from 1998 to 2010 may be getting some cash. toyota has agreed to pay more than a billion dollars to settle a class action lawsuit. toyota will create a fund for retrofitting more than 3 million cars of technology that makes it easier for them to stop. in late 2009, all of 20010 due to lower resail value of the car. toyota has not admitteded any guilt on this topic. >> they get a big chunk of change and the car owners a little bit. >> for many passengers air travel is about finding the cheeps air fair. as airlines offer more and more add-ons from early boarding to premium seating to baggage fees that ability to comparison shop is prett
overseas. that's right i heard me right. there are reports that syria may have used a separate government air strike that killed dozens of people waiting outside a bakery yesterday. they may have used chemical weapons for that. what may be more troubling is the report of seven others killed in an area currently controlled by the rebels when they inhaled an apparently poisonness gas sprayed by the syrian army. president obama had already declared that there is a red line regarding the use of chemical weapons on the syrian people. so now there are growing questions as to what if anything the u.s. cou should do if we are forced to respond. bob scales is a retired u.s. army major general and fnc military analyst. general, merry christmas, thanks for joining us. >> merry christmas to you too, jaime. jaime: you have to become more concerned about syria at this point. have they crossed the red line and should we respond. >> first of all let's be clear that most initial reports are wrong. it could be what is used is white phosphorus which is not a chemical weapon, when it's dropped from an aircra
and scope of government in a way responsible to the voters of that midterm election. instead what we're almost certain to see is an expansion of government in the name of reintroducing it. we're likely to see much bigger government long term. we're not likely to deal with entitlement reforms as we need to do. as you suggest the president is pushing some short-term spending increases often in washington turn into long-term spending increases. gregg: but, steve, bill kristol, conservative, you know what, time to throw in the towel. you do not want to get blamed for raising taxes on 98% of americans. >> right. gregg: right? >> look, bill kristol is my boss and editor at "the weekly standard" and one of most handsome and well-regarded editors in the country as everybody knows. look, i think he was making what was, in effect a practical case. there are people who are making this case behind the scenes. you have seen, he said, get it over with. move beyond this. there are others saying absolutely not. republicans can't cave on the principle of raising tacks. i think interesting thing in wh
the deficit, not new government spending. shannon? >> how confident are the "cook's essentialsal" democrats about the ability to get this done? >> reporter: congressional democrats do not sound over confident. they recognize this is a heavy lift between the top two senators in the next couple of hours. but a leading new york democrat sounded cautiously optimistic. >> there is certainly no breakthroughs yet between senator mcconnell and senator reid. but there is a real possibility of a deal. i have been a legislator for 37 years. and i have watched how these things work. they almost always happen at the last minute. >> reporter: we are getting down to the left minute. the threshold for extending the bush tax cuts. president obama campaigned campn capping it at $250,000, raising taxes on those who earn more than $250k, but some of the discussion and it is buzz around capitol hill has been about perhaps going to the $400,000 mark. the question is, will you get enough republicans to buy in if that is the deal? shannon? >> thanks to mike on capitol hill. we will continue to check in. now to ed
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